Encompassing approximately 40 linear feet of Central Park frontage seen through oversized picture windows, the views from this home are simply mesmerizing: whether gazing at the Jacqueline Onassis reservoir and across to Central Park West, north to the George Washington Bridge, or south to the sweeping views of the Metropolitan Museum and the glamorous Manhattan skyline.
This classic eight room home has been in the same family for over 50 years and has retained its original configuration of 3 bedrooms, library, 4-1/2 bathrooms, plus a staff room. The sprawling floor plan is very flexible and can be easily transformed to suit the needs of its new owner. One enters into a generously proportioned gallery which flows seamlessly into the grand living room overlooking the reservoir with an entrance to your private terrace; adjacent to the living room is a wonderful Park facing library. The large formal dining room sits opposite with sunny and open eastern city views. And the windowed galley kitchen can be expanded or combined into either the dining room or the adjacent staff room.
Three of the bedrooms sit in their own private wing. The Park facing primary bedroom suite has its own marble bathroom and a wall of custom closets. The two additional eastern facing bedrooms each have their own bathroom, oversized closets, as well as sunny and quiet eastern city views.
1050 Fifth Avenue is a luxury ultra-full-service cooperative built in 1959 at the height of mid-century modernism, and is situated on the corner of 86th Street and Fifth Avenue in the heart of the Upper East Side and Museum Mile. The stylish building offers 24 hour doormen, full-time porter, live in Resident-Manager, fully equipped in-house gym, bike storage, and its own garage offering parking for under $400 per month for residents. Last but certainly not least, a spectacular roof deck with panoramic views of Manhattan.
Situated in the heart of Carnegie Hill with Central Park in your front yard, and near some of the City's finest restaurants, shopping, museums, arts and cultural centers, as well as convenient accessibility to the West Side, this unique home offers Fifth Avenue living at its very best.
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Our Executive Mortgage Banker:
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$6,995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,596,000 | $5,596,000 | $5,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $31,336 | $34,002 | $46,096 |
Total Monthly Payment | $31,461 | $34,127 | $46,221 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.